SLIC forecasts strong growth in its 50th anniversary year
Mohan De Alwis and Piyadasa Kudabalage, Sri Lanka Insurance Corporation Ltd.
The insurance industry is being challenged by regulatory, political and economic factors. However, in contrast to the instability seen in the US and Europe, the insurance market in Asia has enjoyed growth. Mohan De Alwis and Piyadasa Kudabalage discuss Sri Lanka Insurance Corporation Ltd.’s position as the market leader in general insurance, its commitment to sustainability, and plans for global expansion.
Aravinda Perera, Managing Director, Sampath Bank
Sampath Bank is a perfect case study of the economic boom sweeping Sri Lanka since the end of the civil war. The bank’s profits reached LKR 3.8bn in 2011, up from LKR 1bn just five years previously, after a successful programme of rapid branch expansion and aggressive deposit-taking and lending. Aravinda Perera discusses the reasons behind the post-war boom, the positive impact of Sri Lanka’s recent financial regulations, and plans to further diversify Sampath Bank Group’s interests.
June 29, 2012 Category: Banking
Russell de Mel, CEO, NDB Bank
It’s three years since the Sri Lankan civil war ended, yet its banking sector still has its work cut out convincing the huge unbanked population in the north and east of the country that they can trust in the country’s stability and its financial institutions. Russell de Mel explains how NDB Bank has a vital part to play in Sri Lanka’s nation-building: investing in the country’s youth, supporting communities, and fostering the SMEs that will grow and sustain the country’s economy.
June 18, 2012 Category: Banking